Charles Schwab Investment Management Inc. Grows Stock Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Charles Schwab Investment Management Inc. boosted its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 12.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,519 shares of the energy company’s stock after acquiring an additional 20,636 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Alpha Metallurgical Resources were worth $36,726,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AMR. Pacer Advisors Inc. raised its position in Alpha Metallurgical Resources by 30.2% in the third quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company’s stock worth $188,610,000 after acquiring an additional 185,376 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Alpha Metallurgical Resources by 0.5% in the 4th quarter. Bank of New York Mellon Corp now owns 82,311 shares of the energy company’s stock valued at $16,472,000 after purchasing an additional 428 shares during the last quarter. Hosking Partners LLP boosted its holdings in shares of Alpha Metallurgical Resources by 76.6% in the 4th quarter. Hosking Partners LLP now owns 55,220 shares of the energy company’s stock worth $11,051,000 after purchasing an additional 23,944 shares during the period. Principal Financial Group Inc. raised its holdings in Alpha Metallurgical Resources by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 53,358 shares of the energy company’s stock valued at $10,678,000 after buying an additional 1,561 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Alpha Metallurgical Resources by 26.5% during the 3rd quarter. Wellington Management Group LLP now owns 48,515 shares of the energy company’s stock valued at $11,458,000 after purchasing an additional 10,161 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Down 0.6 %

Shares of Alpha Metallurgical Resources stock opened at $131.33 on Friday. The company has a market capitalization of $1.71 billion, a PE ratio of 4.82 and a beta of 1.50. Alpha Metallurgical Resources, Inc. has a 52 week low of $125.81 and a 52 week high of $361.17. The stock’s fifty day moving average is $170.06 and its two-hundred day moving average is $203.29.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Friday, February 28th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). The business had revenue of $617.30 million for the quarter, compared to the consensus estimate of $658.20 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. Alpha Metallurgical Resources’s revenue for the quarter was down 35.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $12.88 earnings per share. As a group, research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

About Alpha Metallurgical Resources

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.